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SoftBank

SoftBank poised for record $45bn net profit on Vision Fund rebound

Coupang and DoorDash IPOs help lift Japanese group to third globally by profit

The SoftBank Group's Vision Fund rebounded strongly after several of its investment targets provided solid gains. (Photo by Kosaku Mimura)

TOKYO -- Japan's SoftBank Group is set to report a net profit of just over 4.9 trillion yen ($45 billion) for the fiscal year that ended in March, becoming the world's third most profitable company, after Apple and Saudi Aramco, based on recent annual results, Nikkei has learned.

The group's main investment vehicle, the Vision Fund, came roaring back after U.S. food delivery app DoorDash, South Korean e-commerce startup Coupang and other holdings went public.

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